Angela Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records.

June 30 Bank Reconciliation
Balance per bank $16,695
Add: Deposits in transit 3,673
Deduct: Outstanding checks (4,770)
Balance per books $15,598

Month of July Results
Per Bank Per Books
Balance July 31 $20,631 $22,061
July deposits 10,733 13,857
July checks 9,540 7,394
July note collected (not included-
in July deposits) 3,578
July bank service charge 36
July NSF check from a customer,-
returned by the bank (recorded-
by bank as a charge) 799

Prepare the general journal entry to correct the Cash account. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Respuesta :

Answer:

Journal Entries

Dr. Bank...................3,578

Cr. Note Receivable........3,578

Being note receivable collected but not recorded in deposits

Explanation:

1. July note collected (not included- in July deposits) 3,578

Journal Entries

Dr. Bank...................3,578

Cr. Note Receivable........3,578

Being note receivable collected but not recorded in deposits

2. July bank service charge 36

Journal Entries

Dr. Bank Charges...36

Cr. Bank...........................36

Being bank charges for the month of July

3. July NSF check from a customer returned by the bank (recorded-

by bank as a charge) 799

Journal Entries

Dr. Account Receivable.......799

Cr. Bank Charges............................799

Being recognition of NSF check returned and correction of bank error of being posted as bank charges